Dan Doran OpEd – Washington Business Journal
Quantive’s Dan Doran was recently published in the Washington Business Journal (Paywall). Dan argues that the IRS’s so-called 2704 proposal will be hugely detrimental to family business ownership.
These regs will make it increasingly difficult to keep businesses and farms in the family – essentially the opposite of the American Dream.
“The IRS has proposed a set of regulations with the intent of limiting certain abuses in tax planning that are often used by the wealthy. They will have a devastating impact on family businesses.”
The Service held a lively hearing on December 1st on the matter. No, not even joking – the Service received over 9,000 comments on the proposal – the most the agency has ever received. Dan’s contention that the proposed regulations will force family businesses to face tax exposure on over-valued assets was echoed by a wide range of industry experts.
Nonetheless, congrats to Dan on the press!
Dan Doran
Dan is the Founder of Quantive and Value Scout. He has two decades of experience in leading M&A transactions. Additionally oversees Quantive's valuation practice and has performed thousands of business valuations.